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Background Investigations Federal Investigations Notices

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Notice No. 99-01

FINCEN

Date: October 23, 1998

On October 1, 1997 OPM began scheduling a search of the Department of Treasury's Financial Crimes Enforcement Network (FINCEN) as item V01 on all SSBI-PR investigations as suggested in Executive Order 12968. Initially we provided only "no record" and "no pertinent" search results. However, we have recently developed a format for reporting record information as a result of the FINCEN search. Searches resulting in a record are now being furnished with other investigation results.

The FINCEN report contains records of cash transactions involving the subject which exceed $10,000. The following are the types of cash transaction reports maintained by FINCEN:

1. Currency Transaction Report (CTR)

The CTR is a report of a cash transaction involving the subject at a bank or other financial institution which exceeds $10,000.

2. Currency Transaction Report by Casinos (CTRC)

The CTRC is a report of cash transactions involving the subject at a gambling casino which exceed $10,000.

3. International Transportation of Currency or Monetary Instrument Report (CMIR)

The CMIR is a report of cash in excess of $10,000 that the subject is transporting into or out of the United States as declared on U.S. Customs form 4790.

4. Report of Foreign Bank and Financial Accounts (FBAR)

The FBAR is a report of cash transactions involving the subject at a bank or other financial institution in another country exceeding $10,000.

The FINCEN report is obtained directly from the Department of Treasury. This report is only as accurate as the information that was provided to Treasury. OPM maintains samples of each type of Department of Treasury currency transaction form, copies of which are available upon request.

OPM will not conduct follow up on this information as part of an SSBI-PR. If you require additional information or follow up, you may request a Reimbursable Suitability Investigation (RSI) from OPM by writing or faxing a request to the attention of Lana Adams, Chief of the Contract Management Branch.

If you have any questions, please contact the Contract Management Branch at (724) 794-5612 or by fax at (724) 794-2891.